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Jan 2, 2013
01/13
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KPIX
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some republicans including representative eric cantor of virginia say they can't support it. and as that unfolds, a lot of californians hold their breaths. cbs 5 reporter ann notarangelo on failure in washington could be very bad news for the state trying to make a comeback. ann. >> reporter: elizabeth, construction sites look this one are popping up throughout contra costa county and they are signs of economic growth. and for the first time in a long time, we are hearing some optimism about california's economy. but for it to continue, we need a deal in washington. >> no doubt that from our perspective the number one thing we want to see is a resolution so that we can just continue with the growth we have been seeing over the past several quarters. >> reporter: he is the director of the governor's office of business and economic development. his job is to make sure california's welcome mat is out for businesses so they want to grow, build and hire. things like regulatory reform, workforce development, innovation. but what's happening in washington or what's not happening in
some republicans including representative eric cantor of virginia say they can't support it. and as that unfolds, a lot of californians hold their breaths. cbs 5 reporter ann notarangelo on failure in washington could be very bad news for the state trying to make a comeback. ann. >> reporter: elizabeth, construction sites look this one are popping up throughout contra costa county and they are signs of economic growth. and for the first time in a long time, we are hearing some optimism...
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Jan 17, 2013
01/13
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WUSA
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. >> reporter: eric and dorothy pincus moved in two weeks ago. >> put this over here. >> reporter: this three-bedroom house in los angeles cost him $900,000. they took out a loan for about $700,000. >> it was certainly more complicated than i anticipated. >> and that sounds like a nice way of saying it. >> it was brutal. it was painful. there were a lot of times we thought it might not happen. >> reporter: the pincuses needed a jumbo loan. they're common in expensive markets such as los angeles, chicago, and new york. ium bowes usually make up 25% of all new mortgages but they fell to 4.3% after the housing bubble burst. they've climbed back to 11.3% last year. that's that spurred sales of homes priced between $750,000 and $1 million. they're up 52% in the past year. >> the banks put you through a thousand different hoops before they finally say, hey, here's your money. >> reporter: mortgage broker steve maizes says lenders require at least 20% down and a credit score above 700 to get a jumbo loan. >> two years ago the banks were just saying, no, i'm not going to give you a loan, even i
. >> reporter: eric and dorothy pincus moved in two weeks ago. >> put this over here. >> reporter: this three-bedroom house in los angeles cost him $900,000. they took out a loan for about $700,000. >> it was certainly more complicated than i anticipated. >> and that sounds like a nice way of saying it. >> it was brutal. it was painful. there were a lot of times we thought it might not happen. >> reporter: the pincuses needed a jumbo loan. they're...
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state department today called a planned humanitarian visit to north korea by google executive chairman eric schmidt, "not helpful." and stressed he's traveling as a private citizen, not a representative of the u.s. government. >> susie: the auto industry closed out 2012 with a bang, marking its best year since 2005. december sales of cars and trucks were better than expected, and 2013 looks to be another banner year for the industry. ruben ramirez reports. >> reporter: worries about the fiscal cliff weren't enough to keep buyers out of car dealerships last month. people were buying a lot of cars and trucks. >> there gets to be that certain point where buying that used car or even leasing a new a new one or even just outright buying a new one, it's really not that much more to buy a new vehicle and you can get that joy of that new car smell. >> reporter: helping auto sales last year is that the average age of cars on the road is now around 11 years old. superstorm sandy specifically helped boost december's numbers, credit suisse estimates the storm may have added about 50000 sales in the nor
state department today called a planned humanitarian visit to north korea by google executive chairman eric schmidt, "not helpful." and stressed he's traveling as a private citizen, not a representative of the u.s. government. >> susie: the auto industry closed out 2012 with a bang, marking its best year since 2005. december sales of cars and trucks were better than expected, and 2013 looks to be another banner year for the industry. ruben ramirez reports. >> reporter:...
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Jan 1, 2013
01/13
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WUSA
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. >> reporter: even the number two house republican, virginia's eric cantor, said he could not support the bill in its current form-- despite the fact that it passed the senate at 2:00 this morning with huge bipartisan support. >> the yays are 89, the nays are 8. >> reporter: the bill is the product of the intense last-minute negotiation between senate majority leader mitch mcconnell and vice president joe biden. it contains no major cuts partly because the speaker himself pulled out of talks with the president last month over a grand bargain that would have cut nearly a trillion dollars in spenting. we asked louisiana republican john fleming about that. this bill makes a lot of tax cuts that republicans like permanent. why not claim victory and then work on spending cuts in the next two months? >> well, that was discussed. and you're right. it makes some things permanent. particularly in the estate tax area. it's permanent fix to the a.m.t.. so there are some actual things we do like about it. but as a whole we don't like other parts of it that we think are going to be devastating to
. >> reporter: even the number two house republican, virginia's eric cantor, said he could not support the bill in its current form-- despite the fact that it passed the senate at 2:00 this morning with huge bipartisan support. >> the yays are 89, the nays are 8. >> reporter: the bill is the product of the intense last-minute negotiation between senate majority leader mitch mcconnell and vice president joe biden. it contains no major cuts partly because the speaker himself...
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Jan 19, 2013
01/13
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WJZ
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house majority leader eric cantor said it's simple. congress shouldn't be paid for failing to do its job. >> tom: next week 80 companies are scheduled to turn in their latest quarterly financial report cards. but rather than the short-term focus on the bottom line, our next guest thinks businesses need to consider all stakeholders, not just shareholders. john mackey is the co-founder and co-c.e.o. of whole foods market. he's author of "conscious capitalism: liberating the heroic spirit of business". john, why is concentrating on shareholders a myth as you call it? >> i don't know if concentrating on shareholders is a myth. i mean, most companies do concentrate on their shareholders. it's just not the best business strategy. because you have an interdependent stakeholder system where you need to create value for all of the stakeholders, and that will also create value for your investors or shareholders. for example, at whole foods market, we have to create value for our team members. if they're happy and fulfilled in their work, then th
house majority leader eric cantor said it's simple. congress shouldn't be paid for failing to do its job. >> tom: next week 80 companies are scheduled to turn in their latest quarterly financial report cards. but rather than the short-term focus on the bottom line, our next guest thinks businesses need to consider all stakeholders, not just shareholders. john mackey is the co-founder and co-c.e.o. of whole foods market. he's author of "conscious capitalism: liberating the heroic...